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How long is an owner responsible for a property after it is sold?
Wiki User
∙ 10y ago
The exchange of title is the key date. Unless there is an agreement otherwise, the responsibility passes with the title.
Wiki User
∙ 10y ago
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If owner does not live on the property but a life tenant does who pays taxes?
In this scenario, the owner is typically responsible for paying property taxes, even if they do not live on the property. The life tenant, as the person living on the property and benefiting from it, does not typically have a legal obligation to pay property taxes unless specified otherwise in their agreement with the owner.
What are my rights against my estranged mother who is 3rd owner on the warranty deed?
All three of the owners on the deed have the right to the use and possession of the property. The property cannot be sold to a new owner, or mortgaged, unless all three sign. All three are equally responsible for the property.
Who is responsible for a property still in the foreclosure process once you vacate the premises?
You are responsible for the property during the foreclosure process up until the property is sold or auctioned.
What does it mean when a foreclosed property reads that the property owner sold property to the bank for 1000?
That means that the owner had some equity in the property. The bank agreed to give them some of that equity for a clear title.
Who is responsible for judgment on property inherited from deceased father?
The judgement should be resolved before the property is transferred. If there are not enough assets to cover it, the property would have to be sold to pay the judgement. If someone wants the house, it might make sense for them to pay it to keep the property.
Can someone present a duplicate quit claim deed?
There are situations where a party may convey the same property to two different grantees. The first owner to record their deed in the land records generally will become the new owner of the property as long as they had no knowledge that the land had already been sold to another party. See the related question for more related information.There are situations where a party may convey the same property to two different grantees. The first owner to record their deed in the land records generally will become the new owner of the property as long as they had no knowledge that the land had already been sold to another party. See the related question for more related information.There are situations where a party may convey the same property to two different grantees. The first owner to record their deed in the land records generally will become the new owner of the property as long as they had no knowledge that the land had already been sold to another party. See the related question for more related information.There are situations where a party may convey the same property to two different grantees. The first owner to record their deed in the land records generally will become the new owner of the property as long as they had no knowledge that the land had already been sold to another party. See the related question for more related information.
Can a lien be filed against property once owned and now sold to another party?
Once the owner has sold the property it's too late for you to file any lien against that property.
Can you sell land out of a revocable trust?
Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.
When in the market to buy commercial property whose responsibility is it to search for property being sold?
The government is responsible for search of property being sold. They have to keep track of everything that's property related, because properties have a very high value when sold in big numbers.
Can one obtain a life estate after a property is sold?
No. Once the property has been sold the grantor no longer has any rights in the property. Therefore, they can no longer reserve the right to a life estate. If the new owner is agreeable, the property could be reconveyed to the prior owner, then they could draft a new deed reserving a life estate.
What to do if there is a lease agrement and the owner dies and there is no will and liens on the property?
If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.If the liens predate the lease then the property will likely be sold to satisfy the creditors.
How do properties for sale get sold quickly?
Properties for sale get sold quickly through good property sales pitches made by realtors. Realtors are the ones whom sell the property and thus are responsible for how quickly the can be sold.
